View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 16, 2013

UK FRC to investigate PwC’s audit of Berkeley Group

By Vincent Huck

The UK Financial Reporting Council (FRC) has opened an investigation into whether PwC UK was acting independently when it audited UK house builder Berkeley Group Holdings for the year ended 30 April 2012.

The FRC said in a statement it launched its investigation as a result of a former PwC partner, Glyn Barker, joining the board of Berkeley Group Holdings.

Barker was appointed non executive director of Berkeley in January 2012, after a 35 years career at PwC, serving most recently as PwC UK vice chairman.

Berkeley Group Holdings declined to comment.

PwC UK said in a statement: "We can confirm that we have received a letter from the FRC informing us that they are commencing an investigation. We will continue to fully cooperate with the FRC’s enquiries. We take our independence responsibilities very seriously."

Related links

UK Financial Reporting Council

PwC UK

 

 

 

 

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to International Accounting Bulletin